Wynn Resorts (NASDAQ:WYNN) Trading 4.8% Higher

Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) rose 4.8% during trading on Monday . The company traded as high as $107.74 and last traded at $107.11. Approximately 1,392,261 shares were traded during trading, a decline of 25% from the average daily volume of 1,845,447 shares. The stock had previously closed at $102.23.

Analyst Upgrades and Downgrades

WYNN has been the topic of a number of recent research reports. Barclays upped their price target on Wynn Resorts from $108.00 to $117.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. Morgan Stanley upped their target price on Wynn Resorts from $99.00 to $107.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 13th. UBS Group reduced their price objective on Wynn Resorts from $117.00 to $108.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 6th. JPMorgan Chase & Co. increased their price objective on Wynn Resorts from $118.00 to $123.00 and gave the company an "overweight" rating in a research report on Tuesday, February 27th. Finally, Wells Fargo & Company raised their price target on Wynn Resorts from $122.00 to $124.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Wynn Resorts has an average rating of "Moderate Buy" and a consensus target price of $119.62.

Wynn Resorts Trading Up 4.2 %

The firm has a fifty day simple moving average of $100.98 and a two-hundred day simple moving average of $93.93. The firm has a market cap of $11.94 billion, a PE ratio of 17.82 and a beta of 1.93.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.76. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter last year, the business posted ($1.23) EPS. The firm's revenue for the quarter was up 83.1% compared to the same quarter last year. Equities analysts expect that Wynn Resorts, Limited will post 5.27 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, February 16th. Wynn Resorts's dividend payout ratio (DPR) is presently 16.72%.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, EVP Ellen F. Whittemore sold 4,180 shares of Wynn Resorts stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $95.26, for a total value of $398,186.80. Following the completion of the sale, the executive vice president now owns 74,144 shares of the company's stock, valued at approximately $7,062,957.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Ellen F. Whittemore sold 654 shares of Wynn Resorts stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $93.90, for a total value of $61,410.60. Following the completion of the sale, the executive vice president now owns 90,025 shares of the company's stock, valued at $8,453,347.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ellen F. Whittemore sold 4,180 shares of Wynn Resorts stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $95.26, for a total value of $398,186.80. Following the completion of the sale, the executive vice president now directly owns 74,144 shares of the company's stock, valued at approximately $7,062,957.44. The disclosure for this sale can be found here. Insiders sold a total of 73,828 shares of company stock valued at $7,345,942 in the last 90 days. Corporate insiders own 0.52% of the company's stock.

Hedge Funds Weigh In On Wynn Resorts

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in Wynn Resorts by 3,000.0% during the fourth quarter. Blue Trust Inc. now owns 279 shares of the casino operator's stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Point72 Europe London LLP purchased a new position in shares of Wynn Resorts in the fourth quarter valued at about $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Wynn Resorts in the fourth quarter valued at about $27,000. Sunbelt Securities Inc. lifted its position in shares of Wynn Resorts by 4,285.7% in the third quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator's stock worth $28,000 after buying an additional 300 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Wynn Resorts in the fourth quarter worth about $38,000. 68.87% of the stock is currently owned by hedge funds and other institutional investors.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.